34,178 iShares Bitcoin Trust ETF $IBIT Shares Sold by MBL Wealth LLC

MBL Wealth LLC reduced its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 77.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 10,082 shares of the company’s stock after selling 34,178 shares during the quarter. MBL Wealth LLC’s holdings in iShares Bitcoin Trust ETF were worth $477,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Allied Private Wealth LLC purchased a new position in iShares Bitcoin Trust ETF in the second quarter valued at about $28,000. Centerpoint Advisors LLC purchased a new stake in shares of iShares Bitcoin Trust ETF during the 2nd quarter worth approximately $34,000. Commonwealth Retirement Investments LLC purchased a new stake in shares of iShares Bitcoin Trust ETF during the 2nd quarter worth approximately $35,000. Steigerwald Gordon & Koch Inc. boosted its stake in shares of iShares Bitcoin Trust ETF by 58.3% during the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 950 shares of the company’s stock worth $36,000 after acquiring an additional 350 shares in the last quarter. Finally, Horizons Wealth Management acquired a new stake in shares of iShares Bitcoin Trust ETF in the 3rd quarter worth approximately $37,000.

iShares Bitcoin Trust ETF Stock Performance

IBIT opened at $45.96 on Friday. The stock’s 50 day simple moving average is $45.33 and its 200 day simple moving average is $41.23. iShares Bitcoin Trust ETF has a 1-year low of $32.84 and a 1-year high of $65.97.

About iShares Bitcoin Trust ETF

The IShares Bitcoin Trust Registered (IBIT) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. IBIT was launched on Jan 5, 2024 and is issued by BlackRock.